ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl
Equity
Direct
Index Funds
NAV: ₹ 14.22 as on 16-04-2024
Fund Performance
About the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 3 October, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl has ₹45 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl Overview
 | 0.35% |
 Benchmark | NIFTY 50 Equal Weight Index TR INR |
 | ₹45 Cr |
 | 3 October, 2022 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 11.65% |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl Distribution as on (31-Mar-24)
Size breakup
Large cap
97.8%
Mid cap
2%
Sector Allocation
Financial Services
22.1%
Consumer Cyclical
14.1%
Basic Materials
12%
Tech
11.7%
Energy
10.1%
Health
9.9%
Consumer Defensive
9.9%
Industrial
4.1%
Utilities
4%
Communication
2%
Top Holdings of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl as on (31-Mar-24)
Equity Holdings50
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.49% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 1.54% in Mar'24
AUM Change
- AUM of the fund stands at 41.5 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 12% |
 Bajaj Auto Ltd | 8.1% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Wipro Ltd | -6.7% |
 Tata Consumer Products Ltd | -2.5% |
Peer Analysis
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl, since 3 October 2022
Top funds managed
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 26.52% since inception which is more than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹45 Cr
This fund has AUM of ₹45 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is ₹14.22 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 0.99% | 0.99% |
6 Month Returns | 17.59% | 17.59% |
1 Year Returns | 38.2% | 38.2% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.35% as on March 2024
₹45 Cr as on March 2024
Bajaj Finance Ltd(2.11%), Adani Ports & Special Economic Zone Ltd(2.07%), Larsen & Toubro Ltd(2.05%), Bajaj Finserv Ltd(2.04%), NTPC Ltd(2.04%) as on March 2024
Financial Services(22.09%), Consumer Cyclical(14.05%), Basic Materials(12.03%) as on March 2024
The alpha ratio for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl | - | - | - |
As on March 2024
The alpha for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated against NIFTY 50 Equal Weight Index TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl | - | - | - |
As on March 2024
The Beta for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with NIFTY 50 Equal Weight Index TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl | 2.81 | - | - |
As on March 2024
The sharpe ratio for ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with NIFTY 50 Equal Weight Index TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl | 10.96 | - | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Nishit Patel is the fund manager of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Nifty50 Equal Weight Index Fund Direct Payout Inc Dist cum Cap Wdrl is 0%